This article first appeared on the Cato Institute site.
On July 25, Miami-Dade County, Florida, circuit judge Teresa Pooler dismissed money-laundering charges against Michell Espinoza, a local bitcoin seller.
The decision is a welcome pause on the road to financial serfdom.
It is a small setback for authorities who want to fight crime (victimless or otherwise) by criminalizing and tracking the “laundering” of the proceeds, and who unreasonably want to do the tracking by eliminating citizens’ financial privacy, that is, by unrestricted tracking of their subjects’ financial accounts and activities.
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is today the headquarters of